Barbados Finance Minister: Mideast Unrest Could Hurt Regional Economies

By: - March 14th, 2011

Minister of Finance Chris Sinckler

If the unrest in the Middle East and North Africa continues, it could harm Caribbean economies, Barbados’ Minister of Finance, Chris Sinckler, has warned. “Our main assumption was that the main impact will be felt in the price of fuel,” he said. “It is the expectation that oil prices will move even closer and surpass $100.” Senior officials in the ministry have made similar warnings. The news follows an announcement last week that Prime Minister Freundel Stuart would be moving the country toward a green economy.

Barbados

Little Bay Country Club Breaks Ground

Little Bay, Negril, Jamaica Selective Homes Limited has broken ground on a $12 million beachfront development in Negril, the Little Bay Country Club. The mixed-use project, which is targeted both at banking and tourism executives, along with second-home buyers, is comprised of 171 residential units ranging from 650 square feet to 3,200 square feet. Selective […]

Barbados

Barbados Moves toward Green Economy

The Government of Barbados is moving to green its economy with the help of the United Nations Environment Programme. “My government continues to be committed to that vision and the emphasis at this point is to consolidate and elevate its efforts to engage business and consumers in its road to greening,” said Prime Minister Freundel […]

Barbados

Jamaicans Still Buying into Financial Schemes

Jamaica’s FSC Senior Management Team Jamaica has been home to the high-profile OLINT issue, what some have dubbed the Caribbean’s version of the Bernard Madoff controversy. But according to the Jamaican Financial Services Commission, there are 64 unregulated investment schemes on the books, as Jamaicans apparently continue to put their money in the hands of […]


IMF Back in Antigua on Performance Review

The International Monetary Fund has sent a team to Antigua for a third review of the nation’s performance on a stand-by arrangement with the IMF. According to the Ministry of Finance, the IMF team began the review Monday and will be on the island until Friday. Antigua and Barbuda passed two reviews required by the […]